London, England, United Kingdom
m3ter is a usage-based metering and pricing engine founded in 2020 by Griff Parry and John Griffin, who previously built and sold GameSparks, a backend-as-a-service platform for video games, to Amazon Web Services. The company automates bill calculation for software businesses that have adopted usage-based or hybrid pricing models, integrating with existing quote-to-cash stacks rather than replacing them. m3ter targets scale-up and enterprise software companies with at least $50 million in annual recurring revenue, where pricing complexity, custom deal structures, and high usage volumes make manual or homegrown billing systems inadequate.
As of early 2024, m3ter had raised $31.5 million in total external funding and employed 56 people, the majority of whom are engineers. The company serves a range of customers including ClickHouse, Onfido, and SIFT, and processes usage data at volumes reaching billions of API calls per year for individual customers. Griff Parry serves as CEO and company strategist, while co-founder John Griffin serves as Chief Revenue Officer overseeing go-to-market functions.